“Electronics retailer RadioShack Corp. reported Friday its third-quarter profit rose 56 percent on a large one-time gain and increased sales,” Steve Quinn reports for The Associated Press. “Chief Operating Officer David Edmondson said the company will emphasize sales of satellite radio, digital imaging, MP3 and wireless products. ‘These are hot categories and very productive for RadioShack,’ Edmondson told analysts in a conference call. ‘They drive traffic into the stores, and they also provide opportunities for selling profitable accessories.'”
Quinn reports, “Edmondson said customers now connect RadioShack with the hand-held electronic devices. ‘We are selling all that we can get’ of the iPods and their accessories, he said. ‘They are coming in the back door and going out the front door.’
Quinn reports, “William Baldwin, Dallas-based analyst for Baldwin Anthony Securities, said the move to carry the devices was late. ‘It’s a plus, and it will bring traffic into the stores, but why wasn’t it there two years ago?’ he said. ‘They don’t have too many female shoppers, and iPods appeal to everybody. If they get more female shoppers who see other things they like, it will help overall sales.'”
Full article here.
Report: Radio Shack to carry full line of Apple iPods, may test Mac sales in nearly 7,000 US stores – July 21, 2005